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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Mastercard (MA) Return on Invested Capital (2016 - 2025)

Mastercard's Return on Invested Capital history spans 17 years, with the latest figure at 1.86% for Q4 2025.

  • For Q4 2025, Return on Invested Capital rose 16.0% year-over-year to 1.86%; the TTM value through Dec 2025 reached 1.86%, up 16.0%, while the annual FY2025 figure was 1.94%, 25.0% up from the prior year.
  • Return on Invested Capital reached 1.86% in Q4 2025 per MA's latest filing, up from 1.84% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 1.93% in Q1 2025 to a low of 0.93% in Q1 2021.
  • Average Return on Invested Capital over 5 years is 1.47%, with a median of 1.46% recorded in 2022.
  • Peak YoY movement for Return on Invested Capital: crashed -49bps in 2021, then skyrocketed 58bps in 2025.
  • A 5-year view of Return on Invested Capital shows it stood at 1.09% in 2021, then soared by 36bps to 1.48% in 2022, then decreased by -3bps to 1.44% in 2023, then rose by 18bps to 1.7% in 2024, then rose by 9bps to 1.86% in 2025.
  • Per Business Quant, the three most recent readings for MA's Return on Invested Capital are 1.86% (Q4 2025), 1.84% (Q3 2025), and 1.91% (Q2 2025).